A hardship letter is the best way to appeal to WAMU for loan modification. This letter is written to explain the current financial crisis which you are going through and what is creating hassles in your path to make the payment to Wamu for your mortgage. As you are writing the letter to the bank to get relief from the pressure of payments that you have in your mind, make sure that you do not complaint about the system of your lender and any other thing in your hardship letter.

It should not be too lengthy, because banks get hundreds of loan applications everyday and it is difficult for the bank to read every hardship letter in detail. So make it short, precise and meaningful. Do not just write senseless stuff to elaborate the content. Maximum it should be of 2 pages.

Features of a hardship letter to WaMu:

1. This is the most important element and your letter would start by this only. Explain in short the reasons which caused trouble and forced you to miss the payments on your mortgage with Wamu.

2. Request Wells Fargo to consider your loan for modification as you have taken every step possible to meet the payments but failed to achieve success.

3. Tell the bank in your hardship letter that you are fully committed to continue with the home ownership and making the payments. Wells Fargo is anxious about the payments of the new modified loan. To clear the doubt, tell that these are the reasons which have given you a relief and you are in a position to make the payments on the lower rate.

Sample Format of WaMu Hardship Letter

Your name

Your Address

Banks Name - Wamu

Loan Account number

Mention all the 3 points explained above now. And finish up the hardship letter with;

Yours sincerely

Your signature

Date:

Co applicant’s signature

Date:

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